News: Business/Earnings

Huawei CFO bail hearing to resume in Canada as Beijing piles pressure

• Business/Earnings
• 2018-12-10 06:02:46Z

The CFO of Chinese telecom giant Huawei Technologies Co Ltd is set to be back in a Canadian courtroom on Monday, fighting for her freedom with the help of pressure from Beijing, while prosecutors argue she cannot be trusted. Huawei Chief Financial Officer Meng Wanzhou was arrested by Canadian authorities Dec. 1 at the request of the United States. Meng, 46, faces U.S. accusations that she misled multinational banks about Huawei's control of a company operating in Iran.

Britain's May says Brexit deal defeat could topple government

• Business/Earnings
• 2018-12-09 20:07:45Z

Prime Minister Theresa May warned on Sunday if parliament rejects her Brexit deal, it could leave Britain in the European Union and bring the opposition Labour Party to power. The embattled leader's message came with her government fearing a heavy defeat in Tuesday's parliamentary vote on the draft withdrawal agreement she signed with Brussels last month. Media reports said May is under pressure from her cabinet to delay the vote and fly to Brussels to secure more concessions ahead of a planned summit with the other 27 EU leaders on Thursday and Friday.

More than 1,200 arrested in unprecedented French riots

• Business/Earnings
• 2018-12-09 17:34:37Z

CBS News foreign correspondent Charlie D'Agata reports from Paris on the fourth consecutive Saturday filled with protests and riots in France.

Macron to blame for French protests, Italy's Salvini says

• Business/Earnings
• 2018-12-09 16:34:41Z

Salvini, head of the rightist League, has clashed repeatedly with Macron in the past over immigration policy and has leapt on the anti-government demonstrations rocking Paris as proof the French president has lost his political touch. "History will probably show that if (Macron) had focused more on the French and less on Salvini and Italy, he would have a few less problems today," Salvini, flush from the success of a mass rally in Rome on Saturday, told Rai 3 TV. "Macron reduced taxes for the very well-off and increased them for those less well off," he added, saying the Italian government had no intention of following this example.

Yellow vests protests are 'a catastrophe for our economy' warns French finance minister

• Business/Earnings
• 2018-12-09 15:02:50Z

The French finance minister warned that France's worst street protests in decades were "an economic disaster" as burned out cars and debris were cleared from the streets of Paris and other cities on Sunday. "It's a catastrophe for trade. It's a catastrophe for our economy," said Bruno Le Maire, a conservative serving under Emmanuel Macron, the embattled centrist president who came to power last year promising to modernise France with sweeping pro-business reforms. Mr Le Maire promised that the state and insurance companies would foot the repair bill. Tax payments due at the end of the year will be postponed for retailers whose shops were ransacked only two weeks before Christmas, he said....

John Kelly to leave the White House at the end of year

• Business/Earnings
• 2018-12-08 18:57:06Z

John Kelly will leave his job as chief of staff at the end of the year, Donald Trump announced on Saturday, describing him as "a great guy". Mr Kelly, 68, took over from Reince Priebus in July 2017, and was brought in to try and instill some discipline in the White House. However, his departure had long been rumoured, with Mr Kelly, a retired Marine general, reportedly frustrated at Mr Trump's freewheeling style. Last month Melania Trump, the first lady, reportedly demanded Mr Kelly be fired. "John Kelly will be leaving at the end of the year," said Mr Trump on Saturday afternoon, shortly before leaving the White House for Philadelphia. John Kelly and Donald...

Donald Trump Picks Anti-Muslim Official For U.S. Ambassador To UN

• Business/Earnings
• 2018-12-07 20:48:23Z

President Donald Trump announced in a tweet Friday morning that State

Trump expected to nominate Heather Nauert as UN ambassador Friday

• Business/Earnings
• 2018-12-07 10:52:03Z

Nauert has been the State Department spokesperson since April 2017 after a career as a broadcast journalist at ABC News and an anchor at Fox News.

Walmart acquires Art.com to boost online home decor business

• Business/Earnings
• 2018-12-06 22:25:21Z

Walmart Inc on Thursday said it has acquired online retailer Art.com for an undisclosed amount to boost its home decor business and expand its online offering, as part of the retailer's efforts to attract more millennials. Art.com had revenue of more than $300 million in 2016, according to a research report from Internet Retailer, the most recent figures available. A Walmart spokesperson would not comment on the size of the deal or on Art.com's revenue.

Paris shops, monuments to close as fears of protest violence mount

• Business/Earnings
• 2018-12-06 20:13:06Z

The Eiffel Tower, the Louvre museum and scores of shops on the Champs-Elysees are set to close as authorities warned Thursday of fresh violence this weekend during protests which have ballooned into the biggest crisis of Emmanuel Macron's presidency. The government is scrambling to stave off another Saturday of burned cars and running street battles with police by "yellow vest" protesters furious over rising costs of living they blame on high taxes. An interior ministry official told AFP that authorities were bracing for "significant violence" on Saturday, based on indications that protesters on both the far right and far left are planning to converge on the capital.

US Congress seeks path forward on Saudi rebuke

• Business/Earnings
• 2018-12-06 17:57:51Z

Congress will consider measures next week to reprimand the Saudi crown prince, punish those involved in journalist Jamal Khashoggi's murder and curtail US support for the Yemen war, senior American lawmakers said Thursday. House Minority Leader Nancy Pelosi said she expects a briefing on Yemen and Saudi Arabia by national security officials to the entire House, as senators received last month, followed by an intelligence briefing specifically on Crown Prince Mohammed bin Salman.

Nancy Pelosi rejects Trump's demand for border wall

• Business/Earnings
• 2018-12-06 17:09:14Z

House Speaker-designate Nancy Pelosi says that lawmakers should punt a debate over the president's demand for a border wall to next fall in order to avert a partial government shutdown.

Former President George H.W. Bush's funeral in Texas: Live stream

• Business/Earnings
• 2018-12-06 17:05:40Z

Former President George H.W. Bush's family and friends are gathered for his private funeral service in Houston. USA TODAY is providing live coverage.

Technical glitch sees Elon Musk's SpaceX Falcon rocket crash land in sea

• Business/Earnings
• 2018-12-06 11:05:33Z

A Christmas turkey rocketed toward the International Space Station on Wednesday, along with cranberry sauce, candied yams and the obligatory fruitcake. The SpaceX booster missed its landing zone on the ground after liftoff, however, and ended up in the sea just a couple of miles offshore. Groans filled SpaceX Mission Control in Hawthorne, California, as live video showed the first-stage rocket booster spinning out of control, still high above Cape Canaveral. It was the company's first missed ground landing, although it has overshot floating barges plenty of times in the past, a tougher feat to pull off. A SpaceX commentator called it a "bummer," but noted it was secondary...

Saudi ambassador, brother of crown prince, returns to Washington

• Business/Earnings
• 2018-12-05 23:09:16Z

The Saudi ambassador to the United States Khalid bin Salman, brother of the powerful crown prince, has returned to Washington after leaving the US capital in the wake of the murder of journalist Jamal Khashoggi, an official said Wednesday. "His Royal Highness the Ambassador is in Washington" embassy spokeswoman Fatimah Baeshen told AFP. At the time, the US State Department said it would seek information from him regarding the incident upon his return.

Israeli opposition chief says Netanyahu overplayed border operation

• Business/Earnings
• 2018-12-05 20:02:43Z

Israeli opposition leader Tzipi Livni accused Prime Minister Benjamin Netanyahu on Wednesday of over-dramatising the army's discovery of Hezbollah tunnels infiltrating its territory from Lebanon for political gain. "We are not now in a situation where our soldiers are behind enemy lines," said Livni, who served as foreign minister during Israel's 2006 war with Hezbollah. "We are talking about engineering activity within the sovereign territory of the state of Israel," she added, accusing Netanyahu of "blowing the incident out of proportion".

Michael Curry, the bishop at H.W. Bush’s funeral: Yes, you saw him at Meghan Markle's wedding

• Business/Earnings
• 2018-12-05 18:36:31Z

Curry has spoken at several recent events, including the royal wedding between Prince Harry and Meghan Markle and funeral for Sen. John McCain.

Duke and Duchess of Cambridge bring Christmas gifts to service personnel at RAF Akrotiri in Cyprus

• Business/Earnings
• 2018-12-05 16:25:47Z

The Duke of Cambridge has said "thank you" on behalf of the nation to Britain's Armed Forces serving overseas this Christmas and paid tribute their commitment and sacrifices. William's words of praise came as he and wife Kate visited Cyprus for a whirlwind tour of a military base to meet RAF personnel and other UK forces deployed to the Mediterranean island. After meeting air and ground crew from RAF Akrotiri and other forces in a hangar, William praised the efforts of Britain's Armed Forces. He said "Thank you for your commitment and thank you for your sacrifices. "We are in your debt and Catherine and I feel very lucky to be able to spend time with you...

Turkey seeks arrest of 2 former aides to Saudi crown prince

• Business/Earnings
• 2018-12-05 10:42:31Z

ISTANBUL (AP) - Turkey is seeking the arrest of two former aides to Saudi Crown Prince Mohammed bin Salman who were dismissed amid the fallout from the killing of Washington Post columnist Jamal Khashoggi.

Facebook Removed A Former Employee's Post Accusing It Of 'Failing' Black People

• Business/Earnings
• 2018-12-05 05:52:03Z

Facebook temporarily removed comments made by a former employee who accused

Trump is shaping new 'liberal' order to block Russia, China, Iran, says Pompeo

• Business/Earnings
• 2018-12-04 13:56:07Z

In a twist on Trump's "America First" policy, U.S. Secretary of State Mike Pompeo said Trump was not abandoning its global leadership but instead reshaping the post-World War Two system on the basis of sovereign states, not multilateral institutions. "In the finest traditions of our great democracy, we are rallying the noble nations to build a new liberal order that prevents war and achieves greater prosperity," Pompeo told diplomats and officials in a foreign policy speech. "We are acting to preserve, protect, and advance an open, just, transparent and free world of sovereign states," Pompeo said, adding that China's ability to benefit from the current U.S.-led system of trade and...

Trump Announces China Will Cut Auto Tariffs

• Business/Earnings
• 2018-12-03 13:30:51Z

President Trump announced Sunday night that China will "reduce and remove" tariffs on U.S.-made cars, which are currently at 40 percent. China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%. The announcement comes after Trump and Chinese President Xi Jinping on Saturday negotiated a halt to their countries' trade war and agreed not to impose further tariffs, at least temporarily.

Why Bush 41, a Great President, Won Only One Term

• Business/Earnings
• 2018-12-03 11:30:30Z

The passing of George H. W. Bush has brought forth a multitude of tributes praising his public leadership and personal virtue - to which I say "Amen." Bush, in my opinion, was one of the great presidents of the 20th century. It is not my purpose here to enumerate the reasons that Bush 41 was such a good president.

Israeli software company 'shared hacked messages' from Khashoggi with Saudi, lawsuit claims

• Business/Earnings
• 2018-12-03 10:10:25Z

A friend of murdered Saudi journalist Jamal Khashoggi is suing an Israeli software company he believes helped the kingdom intercept messages sent to him from the dissident criticising Mohammed bin Salman. Omar Abdulaziz, a Saudi national who now lives in exile in Canada, filed a lawsuit on Sunday against NSO Group alleging its spyware helped the Saudi government gain access to his smartphone. The spyware allows its customers to secretly listen to calls and read messages on a targeted phone. The lawsuit, filed in Tel Aviv, accuses NSO Group of breaking international laws by selling its software to oppressive regimes. "The hacking of my phone played a major role in what happened to...

Saudi Crown Prince will visit Algeria from Sunday: APS

• Business/Earnings
• 2018-12-01 17:25:20Z

CAIRO (Reuters) - Saudi Arabia's Crown Prince Mohammed bin Salman will visit Algeria from Sunday on a two-day official visit, Algeria's Press Service reported on Saturday citing a statement from the Algerian presidency. The statement said the visit would aim to consolidate relations between the two countries and open opportunities to expand trade. ...

Photos Show Anchorage, Alaska, After Back-To-Back Earthquakes

• Business/Earnings
• 2018-11-30 21:11:48Z

The earthquake and aftershock that rocked Anchorage, Alaska, on Friday morning

Every Photo You Need to See of the 2020 Jeep Gladiator Pickup

• Business/Earnings
• 2018-11-28 17:55:00Z

Ukrainian president signs martial law act: spokesman

• Business/Earnings
• 2018-11-28 11:14:16Z

Ukrainian President Petro Poroshenko on Wednesday signed an act introducing martial law after Russia's seizure of three of Kiev's navy vessels sparked the worst crisis in years between the neighbours. "President Poroshenko has signed the law," spokesman Svyatoslav Tsegolko wrote on Facebook.

Christine Blasey Ford to give donations to charity for trauma survivors

• Business/Earnings
• 2018-11-27 22:58:33Z

Christine Blasey Ford and her family became the target of death threats after she testified that then-supreme court nominee Brett Kavanaugh tried to rape her. Dr Christine Blasey Ford, the California psychologist who accused the supreme court justice Brett Kavanaugh of sexual assault before his confirmation, emphatically thanked supporters for an "outpouring" of donations in a new post that explained the shutdown of her GoFundMe page after raising nearly $650,000.

Photos of the Volkswagen I.D. Buzz Cargo Van Concept

• Business/Earnings
• 2018-11-27 15:27:00Z

Christians Decry Trump Administration After Children Are Tear-Gassed At Border

• Business/Earnings
• 2018-11-27 03:45:18Z

Some Christians are denouncing the White House's "cruelty" after President

Pedestrian, vehicle crossings reopen at San Ysidro

• Business/Earnings
• 2018-11-26 01:26:11Z

Pedestrian crossings and vehicle traffic reopened at the San Ysidro port of entry, as migrants try to breach the border between Tijuana and California.

California's deadliest wildfire finally tamed

• Business/Earnings
• 2018-11-26 01:09:23Z

The deadliest and most destructive fire in California's history was finally brought totally under control by firefighters, more than two weeks after it erupted, authorities said on Sunday. The so-called Camp Fire, which broke out on November 8, is so far known to have killed 87 people although another 249 people remain unaccounted for. "#CampFire ... is now 100% contained," Cal Fire, the state fire authority, said in a bulletin on Twitter.

Camp Fire, California's Deadliest In History, Now 100 Percent Contained

• Business/Earnings
• 2018-11-26 00:55:48Z

The devastating Camp fire ― a massive blaze that engulfed more than 153,000

Dems tried negotiating on immigration, Trump 'won't take yes for an answer': Senator

• Business/Earnings
• 2018-11-25 11:30:59Z

Sen. Amy Klobuchar, D-Minn., is interviewed on "This Week" about the special counsel investigation, immigration and whether she'll consider a 2020 presidential bid.

At least one injured in St. Paul House explosion

• Business/Earnings
• 2018-11-23 18:39:22Z

Authorities are investigating a house explosion in St. Paul that injured at least one person. (Nov. 23)

Indonesia wraps up Lion Air crash victim identification

• Business/Earnings
• 2018-11-23 05:55:36Z

Indonesia on Friday wrapped up the grim task of identifying Lion Air jet crash victims from recovered body parts, with a preliminary report on the cause of the accident that killed 189 people due next week. Since then, investigators have been doing DNA testing on recovered body parts. As of Friday, 125 people have been identified after testing on human remains that filled some 200 body bags, said Arthur Tampi, head of the national police medical centre.

Saudi prince lands in UAE on first foreign tour since Khashoggi murder

• Business/Earnings
• 2018-11-22 22:10:29Z

Saudi Crown Prince Mohammed bin Salman embarked Thursday on a regional tour starting with the United Arab Emirates, his first official trip abroad since critic Jamal Khashoggi's murder tipped the kingdom into crisis. Prince Mohammed will visit a "number of brotherly" Arab states at the request of his father, King Salman, the royal court said in a statement carried by the official Saudi Press Agency, without naming the countries. Abu Dhabi's Crown Prince Mohammed bin Zayed welcomed him on his first stop in the UAE, a close ally that is part of a Saudi-led coalition battling Iran-aligned Huthi rebels in Yemen, according to the Emirati state news agency WAM.

France imposes sanctions on 18 Saudi citizens over Khashoggi killing

• Business/Earnings
• 2018-11-22 16:50:21Z

France said on Thursday it had imposed sanctions, including travel bans, on 18 Saudi citizens linked to the murder of Saudi journalist Jamal Khashoggi and said more could follow depending on results of an investigation. Berlin on Monday also banned 18 Saudis and moved to halt all arms sales to Saudi Arabia. The bans bind all members of the European Union's passport-free Schengen zone, it said.

The Ultimate Roundup Of Black Friday And Cyber Monday Deals For 2018

• Business/Earnings
• 2018-11-20 17:13:36Z

Whether you're looking for the best deal on KitchenAid mixer, the lowest

The Real Reason Why Thanksgiving Is Always on a Thursday

• Business/Earnings
• 2018-11-20 15:30:15Z

Thanksgiving holidays used to happen throughout the year, but Americans showed a preference early on for one particular day of the week

Why You Should Never Comment On Someone's Weight Or Eating Habits At Thanksgiving

• Business/Earnings
• 2018-11-20 10:53:27Z

In theory, Thanksgiving is great: incredible food, a long weekend and time

S. Korea's Jeju Air in $4.4 bn 40-plane Boeing order

• Business/Earnings
• 2018-11-20 08:07:44Z

South Korean budget carrier Jeju Air has ordered 40 airplanes from US manufacturer Boeing for $4.4 billion, the airline said on Tuesday, one of the country's largest-ever aircraft purchases. Jeju Air is placing firm orders for 40 B737-MAX 8 models, with deliveries running from 2022 to 2026, with options for 10 more, it said in a regulatory filing. "The latest deal... will help us replace the existing fleet with next-generation airplanes, maintain price competitiveness and grow into a next leading air carrier," the firm said in a statement.

Report: Saudi crown prince to attend G-20 summit

• Business/Earnings
• 2018-11-19 20:05:05Z

DUBAI, United Arab Emirates (AP) - Saudi Crown Prince Mohammed bin Salman will attend the Group of 20 summit in Buenos Aires later this month, Saudi media reported Monday.

UK PM May sticks to Brexit deal as opponents seek formal challenge

• Business/Earnings
• 2018-11-19 14:03:29Z

British Prime Minister Theresa May vowed on Monday to stick to her draft European Union divorce deal as dissenting lawmakers in her own party tried to trigger a leadership challenge. Since striking a deal with the EU on Tuesday, May has faced the most perilous crisis of her premiership with several ministers resigning, including her Brexit minister. May has pledged to fight on, warning that toppling her risks delaying Britain's exit from the EU or leaving without a deal, a step that could thrust the world's fifth largest economy into the unknown.

Top Yemen rebel calls for halt to military operations

• Business/Earnings
• 2018-11-19 07:54:32Z

A high-ranking Yemeni rebel official urged his leadership Monday to freeze military operations and stop firing missiles into Saudi Arabia as the UN prepares for peace talks. Mohammed Ali al-Huthi, head of the Huthi insurgents' Higher Revolutionary Committee and an influential political figure, tweeted that he also wants his group to announce "readiness to suspend and halt all military operations".